When Should You Start Your Defined Benefit Pension Plan?

Learn more about our services: https://www.parallelwealth.com/planning
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What is a defined benefit pension plan? Should you take the commuted value of your pension or take the lifetime amount? Can you defer your pension, and is that something that you should think about doing? I brought on Brett Martinson who is a certified financial planner on our team to discuss these questions, and hopefully by the end you have a better understanding of defined benefit pension plans!

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning or email [email protected]

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OUTLINE
0:00 - What We're Covering
0:41 - Investing Academy
1:10 - Commuted Value
6:00 - What Are Your Goals?
7:35 - RRSP Plays A Factor
8:18 - Deferring Your Pension
9:40 - Factors To Consider
13:20 - Beneficiaries
14:50 - Questions To Ask
17:27 - Math vs. Real Life

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.

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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

#retirement

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#Financial_Planning #Retirement_Planning #Retirement #Tax_Planning #Wealth #Parallel_Wealth #defined_benefit_pension #commuted_value_pension #lifetime_pension_amount #commuted_value_vs_lifetime_pension #deferring_defined_benefit_pension_plan #can_you_defer_pension #deferring_pension_plan

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